That being said, there's more to the equation than just rate and fees.

@Jonathan Bombaci recommend using that amount as a bargaining chip for lower rates.80% of evictions are wash, rinse, repeat. 

HML rates are currently around 11% plus a few points.

Some, like ours, focus on offering optional services such as renters insurance or washer/dryer rentals without requiring tenants to opt into a full package.When choosing a property manager, I recommend asking about the structure and purpose of any fees.

We offer a $200 referral fee, and have been considering increasing it. 

Quote from @Sofiya Cherni: Hi,I noticed last year in Montgomery County Landlord-Tenant Handbook that landlords may no longer charge non-refundable pet fees.

Here is the source for the commission rate, right from the Sitzler NAR lawsuit judgement (bold text added):"In addition to training, Plaintiffs have presented expert testimony showing that Section 2-G-1 had the effect of stabilizing commission rates.

There’s almost always a rate at which it just doesn’t make sense.

Quote from @James Hampton: How about a quick check before you have to charge a screening fee? 

The "variables" you speak to could mean this is worth every cent of a 5.4% cap rate to "I wouldn't touch this for a 12 cap".